General News & Updates – Page 54

Weitere Gewinne im U.S. Dollar voraus?

October 4, 2021/in General News & Updates /by MaimarFX

Wir haben das letzte Quartal des Jahres begonnen und in Anlehnung an den letzten Monat, in dem die globalen Aktienmärkte ihre schlechteste Performance seit März 2020 verbuchten, könnte das vierte Quartal das unsicherste Umfeld in 2021 werden. Eine der Hauptsorgen am Markt ist die hohe Inflation und nachdem der PCE Index vom letzten Freitag höher als erwartet ausfiel, könnten die Erwartungen auf frühere Federal Reserve Zinsanhebungen steigen.

Diese Woche werden sich wieder einmal alle Augen auf den U.S. Arbeitsmarktbericht am Freitag richten. Ökonomen erwarten einen Jobzuwachs von 470.000 Stellen im September bei einem gestiegenen Lohnwachstum von 4,6 Prozent (Jahr) von zuvor 4,3 Prozent. Sollten diese Prognosen stimmen könnte sich der U.S. Dollar weiter verteuern. Ein wesentlich schlechteres Ergebnis könnte die Fed jedoch von ihrem weniger dovischen Pfad abbringen.

Bevor wir zum NFP Bericht am Freitag kommen, halten wir ein Auge auf das technische Bild.

EUR/USD

Auf kurzfristigen Zeitebenen achten wir auf die 1.1580-Unterstützung auf der Unter- und auf den 1.1620-Widerstand auf der Oberseite. Fällt der Euro unter 1.1580, so rechnen wir mit weiteren Verlusten in Richtung des nächsten Bärenziels bei 1.15. Klettert der Euro hingegen über 1.1620 hinaus, so könnte daraufhin ein Test von 1.1660 folgen.

GBP/USD: Verbleibt das Paar unterhalb von 1.36, so erwarten wir weitere Verluste Richtung 1.3350.

DAX: Der Rutsch vom Freitag unter die psychologisch wichtige 15000-Marke hat sich bisher als kurzlebig erwiesen. Solange der Index unterhalb von 15650 fluktuiert, favorisieren wir bärische Bewegungen mit einem nächsten tieferen Ziel bei 14900. Ein Bruch unter 14800 könnte hingegen ein noch stärkeres Verkaufssignal gen 14400 auslösen. Für einen bullischen Ausbruch auf der anderen Seite müssten wir Kurse über 15650 sehen.

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Der Inhalt des Beitrags spiegelt die persönliche Meinung des Autors wider. Dieser übernimmt für die Richtigkeit und Vollständigkeit keine Verantwortung und schließt jegliche Regressansprüche aus. Dieser Beitrag stellt keine Kauf- oder Verkaufsempfehlung dar.

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Further U.S. Dollar Gains Ahead?

October 4, 2021/in General News & Updates /by MaimarFX

We have entered the final quarter of the year and following last month when global stocks posted their worst performance since March 2020, the fourth quarter could be the most uncertain environment of 2021. One of the market’s main concerns is elevated inflation and after Friday’s PCE report for August came in higher-than-expected, markets could be increasing Federal Reserve rate hike bets.

This week, all eyes turn to the U.S. Nonfarm payrolls report on Friday. Economists expect a job gain of 470k in September while hourly earnings are expected to come in hotter-than expected at 4.6 percent y/y from 4.3 percent prior. If these forecasts turn out to be correct, the U.S. dollar could further appreciate. A materially lower outcome could derail the Fed from its less-dovish policy path.

Before coming to Friday’s payrolls report, we will keep tabs on the technical picture.

EUR/USD

In short-term time frames we focus on the 1.1580-support on the downside and the 1.1620-resistance on the upside. If the euro drops below 1.1580, we anticipate further losses with a next bearish target at 1.15. If the euro, however, climbs above 1.1620 we could see a test of 1.1660.

GBP/USD: Remaining below 1.36 we expect further losses towards 1.3350.

DAX: Friday’s dip below the crucial 15000-mark proved short-lived – at least until today. As long as the index fluctuates below 15650, we favor bearish movements with a next lower target at 14900. A break below 14800 could generate an even stronger sell signal towards 14400. For a bullish breakout on the other side, we would need to see prices above 15650.

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USD Holds Onto Gains, Focus On PCE Index

October 1, 2021/in General News & Updates /by MaimarFX

Sentiment remains dominated by mounting fears about slowing economic growth, elevated inflation, supply-chain bottlenecks and a global energy crunch. The U.S. dollar holds onto its gains heading into the weekend with market participants bracing for the Federal Reserve to wind down its stimulus.

Next week’s focus will be on the non-farm payrolls report that is expected to show more than double the job gain from August.

Today we will keep an eye on the U.S. personal consumption expenditures index (PCE) due for release at 12:30 UTC. Bear in mind that the Fed uses the PCE price index as its main measure of inflation. A surprise reading could thus impact the greenback.

EUR/USD: A next crucial target for bears is seen at 1.15. On the upside, we expect a resistance to come in at around 1.1670.

GBP/USD: We see a lower target at 1.3350 now. Breaking however below 1.3280 could see an extended slide towards 1.3180. A current resistance is seen at 1.36.

DAX: Bears, watch out for lower targets at 15000 and 14900. A break below 14800 could generate an even stronger sell signal towards 14400. For a bullish breakout on the other side, we would need to see prices above 15650.

Have a good weekend!

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Market’s Sell-Off Intensifies

September 30, 2021/in General News & Updates /by MaimarFX

The market’s sell-off intensified on Wednesday and while we, as day traders, benefit from sharp market moves, the U.S. dollar’s strength is impressive given the threat around the U.S. debt ceiling and the risk of default. The greenback benefits from its role as a safe haven currency but with such a specific fundamental threat, investors should be careful.

GBP/USD – Pound at risk of sharp declines

The cable broke below all crucial support zones, losing over 2 percent this month while no one can say how low it might go. The mix of supply-chain chaos, faster inflation and the threat of interest rate hikes is causing anxiety among investors. Some investors might fear that an early rate hike will worsen the growth prospects for the U.K. From a technical perspective we know that bearish movements are typically stronger and more unpredictable than bullish movements. We therefore pencil in a next lower target at 1.32. Former supports can now turn into resistances, such as the former 1.36-support.

EUR/USD – We finally got the bearish break!

The euro broke below 1.1670 and headed for a test of the crucial 1.16-mark. Currently we see the pair holding above 1.16 but it could be only a matter of time until 1.16 breaks significantly. We now see a lower target at 1.15, whereas a lower resistance could come in at around 1.1690.

Today is the final trading day of September and our results for this trading month are quite good: +598 pips which is equal to a net profit of $ 2390 by a low-risk management of only 1% per trade.

If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals

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Pound And DAX Sell-Off – Next Targets To Watch Out

September 29, 2021/in General News & Updates /by MaimarFX

Tuesday saw a broad-based sell-off on concerns about inflation. More specifically, concerns over the debt-ceiling impasse added to the fresh bout of risk aversion. The U.S. dollar benefited.

Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen warned in a Senate hearing that a U.S. default due to a failure to raise the debt ceiling would have catastrophic consequences. Republicans blocked a move to raise the debt limit.

The worst performer was the British pound that sold off as investors turned cautious on surging energy prices and panic-buying.

GBP/USD – Risk-aversion sent the pair tumbling

The cable broke below 1.36 and headed towards 1.35. We now see the pair within a crucial support zone ranging from 1.36 until 1.3450. We expect some rebound as long as 1.3450 holds.

DAX – Bring it down

The index reversed course after 15700 proved to be difficult to overcome. Traders now eye the crucial 15000-support followed by 14900. If 14800 breaks, we get a sell signal with a lower target around 14300.

EUR/USD – Where is the breakout?

The euro refrained from a technical breakout while prices are confined to a very narrow range. We keep an eye on a upside move above 1.17 to anticipate a higher target at 1.1740, or on the downside, a break below 1.1670 that could lead to further losses towards 1.1630.

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Daily Forex Signals 28/9/2021

September 28, 2021/in General News & Updates /by MaimarFX

Daily Forex Signals:

If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals

EUR/USD

Long @ 1.1710

Short @ 1.1680

GBP/USD

Long @ 1.3730

Short @ 1.3685 Position has hit profit target

DAX® (GER30)

Long @ 15630

Short @ 15540 Position has hit final profit target

Monthly results 2021:

August 2021: +135 pips

July 2021: +34 pips

June 2021: +264 pips

May 2021: +528 pips

April 2021: +278 pips

March 2021: +45 pips

February 2021: +42 pips

January 2021: +472 pips

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 pips

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Euro testet 1.17-Unterstützung – weitere Verluste voraus?

September 27, 2021/in General News & Updates /by MaimarFX

Willkommen zur letzten Handelswoche im September. Der Euro zeigte sich zur Markteröffnung unbewegt nachdem die Bundestagswahl in Deutschland keinen klaren Gewinner hervorbrachte. Nach einem engen Kopf-an-Kopf-Rennen liegen die Sozialdemokraten vor Merkels Union. Deutschland könnte nun eine Dreierkoalition unter Olaf Scholz bilden, jedoch steht eine schwierige Regierungsbildung bevor, welche sich über Monate hinziehen könnte. Der Euro hielt sich bis heute Morgen stabil oberhalb von 1.17.

Nach der hawkischen Botschaft der letzten Woche von Federal Reserve und der Bank von England könnten der Greenback und das Pfund Sterling an Zugkraft gewinnen, jedoch wird dies auch vom Risikoappetit für andere Währungen abhängen. Wir werden ein Auge auf das technische Bild haben um potenzielle Kursausbrüche in den nächsten Tagen zu validieren.

Verglichen mit letzter Woche stehen diese Woche zwar keine gewichtigen Risikoevents an, jedoch sollten Trader ein Augenmerk auf das Forum der Europäischen Zentralbank am Mittwoch haben, dass Zentralbanker von Fed, EZB, BoE und BoJ zusammenbringt. Die wichtigste Datenmeldung könnte der PCE Index am Freitag sein, ein vielbeachteter Inflationsindikator der Fed. Desweiteren sagen am Dienstag Fed Präsident Jerome Powell und Treasury Sekretärin Yellen vor dem Bankenausschuss aus.

EUR/USD: Wir erwarten das Paar zwischen 1.1770 und 1.1660. Ein deutlicher Bruch oberhalb von 1.1770 könnte die Tür für einen Test von 1.1830 öffnen. Unterhalb von 1.1640 würden hingegen die Bären Kontrolle übernehmen.

GBP/USD: Solange der Cable oberhalb von 1.36 verbleibt, stehen die Chancen zugunsten der Bullen mit einem höheren Ziel bei 1.3880. Fällt das Paar unter 1.36 könnten wir einen Rutsch bis 1.35 sehen.

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Der Inhalt des Beitrags spiegelt die persönliche Meinung des Autors wider. Dieser übernimmt für die Richtigkeit und Vollständigkeit keine Verantwortung und schließt jegliche Regressansprüche aus. Dieser Beitrag stellt keine Kauf- oder Verkaufsempfehlung dar.

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EUR/USD Tests 1.17-Support, More Losses To Come?

September 27, 2021/in General News & Updates /by MaimarFX

Welcome to the last week of September. The euro was unmoved at this week’s opening as the German election failed to produce a clear winner. Following the tight election, the Social Democrats edged ahead of Merkel’s conservative bloc. Germany is set for a three-way coalition, led by SPD’s Olaf Scholz but it could take months of negotiations and uncertainty to form a coalition. The euro was steady this morning, holding above 1.17.

Following last week’s hawkish messages from the Federal Reserve and the Bank of England, the greenback and the pound sterling could gain traction but it will also depend on the market’s risk appetite for other peers. We will keep an eye on the technical picture in order to validate potential price breakouts in the coming days.

Compared to the last week, we do not have the heavy docket of event risks this week but traders should keep an eye on the European Central Bank’s forum panel on Wednesday that brings together heads of the Fed, ECB, BoE and BoJ. The top listing for data will be Friday’s PCE deflator, the Federal Reserve’s favorite inflation indicator. Furthermore, Fed Chair Jerome Powell and Treasury Secretary Yellen will testify at a Senate Banking Committee on Tuesday.

EUR/USD: We expect the pair to trade between 1.1770 and 1.1660. A clear break above 1.1770 could open door for a test of 1.1830. Below 1.1640, bears will gain control.

GBP/USD: As long as the cable remains above 1.36, chances are in favor of the bulls with a higher target at 1.3880. Falling below 1.36 could see a dip towards 1.35.

Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.

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A profitable Trading Week

September 24, 2021/in General News & Updates /by MaimarFX

Signal performance in September: +479 pips so far.

A profitable trading week is drawing to a close. As for our daily signals this week’s best performer was the GBP/USD, that provided a net gain of +115 pips in only two days of trading. The largest profit was generated by yesterday’s buy position which was opened at 1.3660 and closed at 1.3745.

The reason for the pound rally was the Bank of England which raised the prospect of hiking interest rates as soon as November to contain a surge in inflation. Yesterday’s decision puts the BoE in the more hawkish camp of global central banks, which is now expected being first for a hike, well ahead of the Federal Reserve.

GBP/USD: Remaining above 1.3620, we expect the pair to test the 1.3880-level.

EUR/USD: Chances are currently in favor of the bulls. We pencil in higher targets at 1.1770 and 1.1820.

DAX: If 15800 remains unbroken to the upside, we expect the index to drop back towards 15500. Above 15820, we will shift our focus again to the 16000-level.

Today we will save our weekly profits and wish everyone a beautiful weekend!

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U.S. Dollar Remains On Solid Footing After Fed Decision

September 23, 2021/in General News & Updates /by MaimarFX

To sum up, yesterday’s FOMC announcement was hawkish enough to keep the U.S. dollar on a strong footing, even though big market movements were lacking. In terms of a first rate hike, Federal Reserve officials are now evenly split on whether or not it will be appropriate to begin raising rates as soon as next year. The market continued to price in a first hike around the start of 2023, an assumption that can be considered less hawkish and which has led to a very small sell-off in the greenback at the time when projections were released.

The dollar gained back ground around the time of the press conference with Fed Chair Jerome Powell saying the central bank could begin scaling back asset purchases in November and complete the process by mid-2022. This was the hint on tapering the market has expected.

As for fears over an economic collapse in China, Powell spoke on the Evergrande situation during his press conference but he does not expect any spillover into global markets. Market participants will now be looking to see if Evergrande makes its next debt payment which totals $83.5 million.

The next central bank decision is around the corner with the Bank of England monetary policy announcement due at 11:00 UTC today.

While risks are tilted for a hawkish outcome for the BoE meeting, there is a concern that markets may be overly optimistic amid the recent increase in rate hike calls by analysts. A rate increase is seen by May 22.

In the GBP/USD we continue to look at a price range between 1.39 and 1.3550 and bear in mind that the pair is still oversold making it vulnerable for corrections.